Zillow Group Inc - Z - Daily - Pullback to support

I published this chart in October and now Zillow has pulled back to the levels where I had suggested to look for a re-entry for a re-test of the high near $33.50. Zillow is quite volatile and moves 6% per day, which is 3 times the volatility of the overall market.

The risk from here is a move under $25 or 10% lower while upside is for a move up to $33 or a bit more than 20% for ratio of 2:1 (measured potential/ measured risk).

Look for relative strength to the overall market to confirm a long position in Zillow.

Zillow.com and Trulia.com are the leading real estate websites in the USA. They merged and trade under the symbol Z and ZG .

Tim
9:14AM EST 11/2/2015

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I haven't been following zillow at all. When I switched to the 4hr graph, there was all this extra data for Zillow -- went all the way up to 166. Do you know if that is a fluke in the system? I don't understand why that wouldn't be in the daily charts.

ZG is the old symbol which they are also still using. The stock is down on earnings this morning. I sold yesterday before the risk of the earnings report. (Sorry that sounds terrible to report with the stock back down to $29)